BNP Paribas Financial Markets Has $447,000 Stock Position in TETRA Technologies, Inc. (NYSE:TTI)

BNP Paribas Financial Markets decreased its holdings in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 52.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 124,854 shares of the oil and gas company's stock after selling 136,363 shares during the quarter. BNP Paribas Financial Markets owned 0.09% of TETRA Technologies worth $447,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in TTI. Norges Bank acquired a new stake in TETRA Technologies during the 4th quarter worth about $812,000. Charles Schwab Investment Management Inc. boosted its stake in shares of TETRA Technologies by 9.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,086,670 shares of the oil and gas company's stock valued at $3,890,000 after buying an additional 92,493 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of TETRA Technologies by 6.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 142,394 shares of the oil and gas company's stock valued at $510,000 after buying an additional 8,323 shares during the period. Wells Fargo & Company MN boosted its stake in shares of TETRA Technologies by 17.1% during the 4th quarter. Wells Fargo & Company MN now owns 133,664 shares of the oil and gas company's stock valued at $479,000 after buying an additional 19,528 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in TETRA Technologies by 7.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,259,133 shares of the oil and gas company's stock valued at $11,667,000 after purchasing an additional 239,052 shares during the last quarter. 70.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TTI. D. Boral Capital reduced their price objective on TETRA Technologies from $5.50 to $4.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Wall Street Zen cut TETRA Technologies from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Stifel Nicolaus reduced their target price on shares of TETRA Technologies from $7.00 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, April 15th.

TETRA Technologies Stock Down 2.0%

Shares of NYSE:TTI traded down $0.06 on Friday, reaching $2.69. The company had a trading volume of 163,517 shares, compared to its average volume of 1,196,986. The stock has a 50-day moving average price of $2.77 and a 200 day moving average price of $3.53. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. TETRA Technologies, Inc. has a twelve month low of $2.03 and a twelve month high of $5.12. The stock has a market capitalization of $357.30 million, a P/E ratio of 134.32 and a beta of 1.31.

TETRA Technologies (NYSE:TTI - Get Free Report) last released its earnings results on Tuesday, April 29th. The oil and gas company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. The firm had revenue of $157.14 million during the quarter, compared to analyst estimates of $160.52 million. On average, equities analysts expect that TETRA Technologies, Inc. will post 0.15 EPS for the current year.

TETRA Technologies Company Profile

TETRA Technologies, Inc, together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.